ANL 0.00% 0.1¢ amani gold limited

pru exercising.......bgf underwriting balance

  1. sck
    3,388 Posts.

    Underwriting of Exercise of 30 June 2011 BYRO Options
    Burey Gold Limited (ASX: BYR, the ?Company?) advises that it has entered into an underwriting
    agreement with BGF Equities Pty Ltd (?Underwriter?) in respect of the listed options exercisable at
    $0.05 each (BYRO class) and expiring today, 30 June 2011.
    Under the terms of the agreement the Underwriter will arrange for the subscription of that number of
    shares equivalent to the number of unexercised options to the extent of $1,025,000. The
    underwriting agreement is subject to standard termination conditions. A fee of $50,000 will be
    payable to the Underwriter under the terms of the underwriting agreement.
    The funds from the exercise of the June 2011 options and the placement of the shortfall referred to
    above will be used for exploration of the Company?s mineral projects in Guinea, West Africa and for
    working capital and general corporate purposes.
    Burey also advises that it has received a notice of exercise from Perseus Mining Limited with respect
    to the 34.8 million unquoted options held by it and expiring today
 
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